REG - Aquila Euro Rnwbls. Aquila Eur R. - AERI - Purchase of Shares for the Manager

Aquila European RenewablesAnnouncement

05/08/2022 17:30

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RNS Number : 1494V  Aquila European Renewables Income  05 August 2022

5 August 2022

 

LEI Number: 213800UKH1TZIC9ZRP41

 

Aquila European Renewables Income Fund plc

("AERIF" or the "Company")

Purchase of Management Fee Shares in connection with the payment of the
Investment Adviser fees

The Company announces that, in accordance with its Investment Advisory
Agreement ("IAA"), it has today purchased 760,053 Ordinary Shares in the
Company at a price of €1.01 per Ordinary Share for Aquila Capital
Investmentgesellschaft mbH, the Company's Investment Adviser, in order to
satisfy the Company's management fee due for the period from 1 April 2022 to
30 June 2022. The purchase of the Management Fee Shares equated to a total
consideration of EUR €772,650.23, including commission and stamp duty and
was funded out of the Company's surplus cash in hand. Details of the IAA were
disclosed in the prospectus published by the Company on 17 September 2020.

Following the transaction noted above, the Investment Adviser has now acquired
an aggregate total of 6,434,868 Ordinary shares that were issued or purchased
in accordance with the Company's IAA, representing 1.6% of the Company's total
Ordinary shares in issue.

End

For further details contact:

 

Media contacts

Edelman Smithfield

Ged Brumby 07540-412301

Kanayo Agwunobi 07581-010560

 

Sponsor, Broker and Placing Agent

Numis Securities 020 7260 1000

Tod Davis

David Benda

Vicki Paine

 

European Broker

Kempen & Co +31 20 348 8000

Maarten de Zeeuw

Kathrin Erfurth

Robin van Wijk

 

NOTES

 

Aquila European Renewables Income Fund plc ("AERIF" or the "Company") is a
London-listed renewable energy infrastructure investment company with the aim
to provide investors with an attractive long-term, income-based return in EUR
through a diversified portfolio of hydropower, onshore wind and solar PV
investments across continental Europe and Ireland. Through the diversification
of generation technologies, the seasonal production patterns of these asset
types complement each other to balance the cash flow, while the geographic
diversification serves to reduce exposure to one single energy market.

 

www.aquila-european-renewables-income-fund.com
(http://www.aquila-european-renewables-income-fund.com/)

 

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